Illinois will take competitive bids on $500 million of GOs later this month in its first borrowing of the New Year and first test of market reaction to the General Assembly's failure to overhaul pensions.
Illinois Readying $500 million Competitive GO Sale
Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.
the bond buyer conferences
September 25-27, 2013JW Marriott LA Live, Los Angeles, CA
October 27-29, 2013Crowne Plaza Times Square Manhattan, New York, NY